TPG RE Finance Trust (NYSE:TRTX) Director Michael Gillmore Purchases 2,000 Shares of Company Stock

Key Points

• Director Michael Gillmore bought 2,000 TRTX shares at an average price of $6.43, increasing his holdings by 400% to 2,500 shares.
• TRTX shares recently traded at $6.84, within a 52-week range of $5.60 to $9.35. The company’s latest quarterly earnings missed estimates, reporting $0.07 in EPS versus the $0.25 consensus.
• TPG RE Finance Trust pays a quarterly dividend of $0.24 per share, equivalent to a 14.0% annualized yield, while analysts maintain a consensus “Hold” rating and a $9.33 price target.

TPG RE Finance Trust, Inc. (NYSE:TRTX - Get Free Report) Director Michael Gillmore purchased 2,000 shares of the firm's stock in a transaction dated Friday, October 30th. The shares were bought at an average price of $6.43 per share, with a total value of $12,860.00. Following the purchase, the director owned 2,500 shares in the company, valued at $16,075. The trade was a 400.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

TPG RE Finance Trust Stock Performance

Shares of NYSE:TRTX traded up $0.01 during mid-day trading on Tuesday, reaching $6.84. The company had a trading volume of 366,621 shares, compared to its average volume of 863,829. The company has a current ratio of 246.28, a quick ratio of 200.26 and a debt-to-equity ratio of 4.05. The firm has a market cap of $519.06 million, a price-to-earnings ratio of 17.60, a PEG ratio of 1.48 and a beta of 1.47. The company's 50-day moving average price is $6.76 and its 200-day moving average price is $7.99. TPG RE Finance Trust, Inc. has a one year low of $5.60 and a one year high of $9.35.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last announced its quarterly earnings data on Monday, October 26th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.18). TPG RE Finance Trust had a net margin of 13.13% and a return on equity of 5.21%. The firm had revenue of $35.92 million for the quarter, compared to the consensus estimate of $37.10 million. As a group, equities research analysts anticipate that TPG RE Finance Trust, Inc. will post 0.88 EPS for the current fiscal year.

TPG RE Finance Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 23rd. Stockholders of record on Monday, September 28th were paid a dividend of $0.24 per share. The ex-dividend date was Monday, September 28th. This represents a $0.96 annualized dividend and a dividend yield of 14.0%. TPG RE Finance Trust's dividend payout ratio is presently 246.15%.

Institutional Trading of TPG RE Finance Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in TRTX. BlackRock Inc. purchased a new stake in TPG RE Finance Trust during the 2nd quarter worth about $54,386,000. Almitas Capital LLC bought a new position in TPG RE Finance Trust in the 2nd quarter worth about $3,036,000. Arrowstreet Capital Limited Partnership grew its holdings in TPG RE Finance Trust by 60.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 929,566 shares of the company's stock valued at $7,260,000 after buying an additional 350,020 shares in the last quarter. Bank of America Corp DE bought a new stake in shares of TPG RE Finance Trust during the second quarter valued at about $2,265,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of TPG RE Finance Trust during the second quarter valued at about $1,768,000. 57.12% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on TRTX. JPMorgan Chase & Co. lifted their price objective on TPG RE Finance Trust from $9.50 to $10.00 and gave the stock an "overweight" rating in a report on Friday, July 17th. Wells Fargo & Company dropped their price objective on shares of TPG RE Finance Trust from $9.00 to $8.00 and set an "overweight" rating on the stock in a report on Wednesday, October 28th. Wall Street Zen upgraded shares of TPG RE Finance Trust from a "sell" rating to a "hold" rating in a research report on Saturday, October 17th. UBS Group downgraded shares of TPG RE Finance Trust to a "neutral" rating in a research note on Thursday, September 17th. Finally, Weiss Ratings downgraded shares of TPG RE Finance Trust from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $9.33.

TPG RE Finance Trust Company Profile

TPG RE Finance Trust, Inc is a commercial real estate finance company that operates as a real estate investment trust (REIT). The company originates, acquires and manages commercial mortgage loans secured primarily by properties in the United States.

Its portfolio is focused on transitional senior loans, which finance commercial properties undergoing lease-up, renovation, redevelopment or repositioning. These loans are generally secured by institutional-quality real estate across property types such as multifamily, office, hotel, industrial and retail.

TPG RE Finance Trust was formed in 2014 and completed its initial public offering in 2017.

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